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Board Decisions
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Vasilios Theocharakis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Andreas Vgenopoulos (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Stelios Stylianou (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Platonas Lanitis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Abdulrazaq Al Jassim (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Violation/Caution
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mrs Annita Philippidou (CFO Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 80.000
Judicial Review: YES (04 Aug. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Constantinos Mylonas (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 100.000
Judicial Review: YES (11 Aug. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Markos Foros (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 120.000
Judicial Review: YES (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Eleftherios Chiliadakis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 140.000
Judicial Review: YES (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Panayiotis Kounnis (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 140.000
Judicial Review: YES (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Christos Stylianides (Director Cyprus Popular Bank Public Co Ltd)
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 200.000
Judicial Review: YES (01 Sep. 2017) NO Judicial Review Ruling: Decision Decision
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Neoklis Lysandrou (Director Cyprus Popular Bank Public Co Ltd )
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 160.000
Judicial Review: YES (11 Aug. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Mr. Efthimios Mbouloutas (Director Cyprus Popular Bank Public Co Ltd )
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 200.000
Judicial Review: YES (01 Sep. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 22 Jun. 2017 Board Decision Date: 08 May. 2017
Regarding: Cyprus Popular Bank Public Co Ltd
Legislation: The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law, The Insider Dealing and Market Manipulation (Market Abuse) Law
Subject: Violation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Jun. 2017 Board Decision Date: 07 Jun. 2017
Regarding: Pandora Investments Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Jun. 2017 Board Decision Date: 07 Jun. 2017
Regarding: Leptos Calypso Hotels Public Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Savvas Rigas (Internal auditor/relevant person of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Συνολικό πρόστιμο € 20.000
Judicial Review: YES (09 Aug. 2017) NO Judicial Review Ruling: Decision Decision
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Stavros Hadjikyriacou (Director of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 45.000
Judicial Review: YES (07 Jul. 2017) NO Judicial Review Ruling: DECISION DECISION
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Mohab Mohamed Taghian Radwn (relevant person to CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine € 50.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr AbdeI Rahman Alimari (Shareholder of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 200.000/prohibition in the exercise of professional activity
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Vladimiros Germanos (Chief Financial Officer of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Total fine € 20.000
Judicial Review: YES (27 Jul. 2017) NO Judicial Review Ruling: Pending Pending
Announcement Date: 08 Jun. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Mr Anastasios Yiapanis (Director of CommexFX Ltd)
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI144-2007-01 of 2012
Subject: Fine € 15.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 30 May. 2017 Board Decision Date: 29 May. 2017
Regarding: Xtrade Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Partial suspension of CIF license
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 May. 2017 Board Decision Date: 13 Feb. 2017
Regarding: CommexFX Ltd
Legislation: Directive DI144-2007-15 of 2015 – The Investor Compensation Fund Directive
Subject: Initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (I.C.F)
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 24 Apr. 2017 Board Decision Date: 13 Mar. 2017
Regarding: UR Trade Fix Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €20.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 19 Apr. 2017 Board Decision Date: 10 Apr. 2017
Regarding: Ros Agro Plc (In Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 06 Apr. 2017 Board Decision Date: 25 Jul. 2016
Regarding: CommexFx Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Apr. 2017 Board Decision Date: 27 Mar. 2017
Regarding: C.C.C. Tourist Enterprises Public Company Ltd (available in Greek language)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 04 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: Dragon Options Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: TTCM Traders Trust Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 03 Apr. 2017 Board Decision Date: 03 Apr. 2017
Regarding: Leadtrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of suspension of CIF authorisation
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Leadtrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: TTCM Traders Trust Capital Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Gametech (Cyprus) Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 13 Mar. 2017
Regarding: Dragon Options Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 31 Mar. 2017 Board Decision Date: 27 Mar. 2017
Regarding: Sea Star Capital Plc
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Suspension of trading of issuer shares
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 17 Mar. 2017 Board Decision Date: 17 Mar. 2017
Regarding: Boursotrade Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Suspension of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Mar. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Atlas Capital Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012
Subject: Withdrawal of CIF licence
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 10 Mar. 2017 Board Decision Date: 30 Jan. 2017
Regarding: Novox Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Fine €5.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Feb. 2017 Board Decision Date: 23 Jan. 2017
Regarding: PriorFX Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Total fine €63.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 21 Feb. 2017 Board Decision Date: 13 Feb. 2017
Regarding: Avangardco Investments Public Ltd (in Greek)
Legislation: The Takeover Bids Law
Subject: Exception from a mandatory obligation to submit to takeover bid
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 15 Feb. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Novox Capital Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law, DI144-2007-01 of 2012, DI144-2007-02 of 2012
Subject: Total fine €175.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 07 Feb. 2017 Board Decision Date: 19 Dec. 2016
Regarding: Fortified Capital Ltd
Legislation: Alternative Investment Funds Law
Subject: Fine €5.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 23 Jan. 2017 Board Decision Date: 19 Dec. 2016
Regarding: Bdswiss Holding Plc
Legislation: The Investment Services and Activities and Regulated Markets Law, Directive DI 144-2007-01 of 2012, Directive DI 144-2007-02 of 2012
Subject: Settlement €150.000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Louis Plc (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 12.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Cyprint Plc (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 13.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 16 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Charilaos Apostolides Public Ltd (in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Total fine € 13.500
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 19 Dec. 2016
Regarding: IQ Option Europe Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Revocation of decision for non-compliance with section 38 of the Law and for the imposition of an administrative fine of €20,000
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Agroton Public Ltd (available in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.250
Judicial Review: YES () NO Judicial Review Ruling:
Announcement Date: 13 Jan. 2017 Board Decision Date: 05 Dec. 2016
Regarding: Karyes Investment Public Company Ltd (available in Greek)
Legislation: The Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law
Subject: Fine € 1.500
Judicial Review: YES () NO Judicial Review Ruling:
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